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Search Results 0 to 19 of about 20 (some duplicates have been removed)
away from possibly going off the fiscal cliff. it's our focus this morning. if lawmakers fail to reach a deal, that would mean spending cuts and tax hikes for 88% of all american households on tuesday. look at the number from the tax policy center. these numbers are interesting. some of the poorest americans who make up to $20,000 a year will have to shell out about $412 more to the irs, and everyone earning more than $40,000 a year will be affected. if you make $40,000 to $64,000 a year, you'll pay almost $2,000 more a year, and if you make a little more between $64,000 to $108,000, that number jumps to $3,500. and anyone making more than $108,000, you'll have to give up more than $14,000. overall, the average american will pay more than $3,500 a year. the question needs to be asked here, will lawmakers be able to pull off a new deal before the new year? the managing director joins me now live from miami. you, dylan, were part of the bush administration a little more than a decade ago, which actually initiated this series of tax cuts, which later led to a near government shutdown in 2
rolling on averting the fiscal cliff. in a letter to star birks employees made public this morning, chief executive howard s \cc chultz next employees that is approximately 120 d.c. area stores to write come together on coffee cups on serving customers tomorrow and friday. starbucks plans to buy as in washington post and the new york times later in the week as part of its come together campaign. >> rumors that a second generation ipad mini with eight right now display is set to lions ahead of apple's typical annual schedule that share have been swirling. now it appears that apple's full- size ipad may be sticking to its new semi and release schedule. new reports suggest that apple's plans to launch a new standard, lauder 9.7 in. ipad as soon as march 2013. the fourth ipad model was just released last month along side the ipad mini, but march was also suggested in recent red ipad mini remorse. >> we will be right back. heavy snowfall in the sierra is causing dangerous conditions for skiers. in the past three days, two people have died and two others have been injured after being called in
by rob jackson. redskins into the playoffs. rg3. maybe he can solve the fiscal cliff. >>> and all that matters. >> fireworks lit up sydney harbor, beautiful, as people mark the start of 2013. happy new year. >> on "cbs this morning." >>> chuck pagano back on the colts sideline yesterday cancer free as the colts won 28-16. >> i feel so blessed to be back with you guys in the battle. thank you. thank you so much. captioning funded by cbs >>> welcome to "cbs this morning." i'm norah o'donnell with anthony mason. as we wake up the deadline to the fiscal cliff is just 14 hours ai wa. there's no deal yet, but members of congress are heading back to capitol hill. first, breaking news on the condition of secretary of state hillary clinton. >> she's in a new york city hospital this morning being treated for a blood clot. doctors say it's related to a concussion that's kept her out of the office for the past three weeks. margaret brennan is in washington with the latest. margaret good morning. >> reporter: good morning to you. secretary clinton is taking anti-coagulant to
reach a fiscal cliff agreement before the deadline. the president greeted marines this morning in haw hu. he plans to fly back to washington tonight in hopes of pushing the negotiations forward. any agreement worked out is unlikely to be the grand funding and debt reducing plan the president and speaker want. >> i have thought for all long for more than a month we were likely to see some last minute, slap dash, unsatisfying deal thrown together that won't do anything to solve the long term problems but will get politicians out of the bind. >> one stake point, the president's push to raise taxes on those making more than $250,000 a year. republican opposition to that plan. >>> some san francisco reward its employees for making healthy choices? that's the issue leaders debating as they look for ways to cut health care costs. a new study shows two thirds considered to be the healthiest are over weight or obese. doctors say it can lead to health problems, some say paying employees to eat better and exercise can save money in the long run. >>> holiday celebration still going for many of you
morning news we're just hours away from falling off the so-called fiscal cliff congress is to set to meet again today will have the latest from washington. >> and secretary of state hillary clinton has been hospitalized after doctors discovered a blood clot. we will have the latest on her condition coming up. >> plus we're watching your bay area weather on this new year's eve as well as your morning commute. >> we will be right back on the kron 4 >> it is very light traffic conditions of side. your quick commute check shows you that that is exactly what we have. in a state 5 a through altman pass way are very light right now. >> new this morning. two people are in the hospital this morning after a 2 alarm fire at a residential building in san francisco's excelsior district. the fire broke out before 1:00 this morning and crews had it under control run to 3:00 pm. to get you more news faster we will turn to jackie sizzle. >> pg&e crews remain out here. it looks like it is almost destroyed. according to officials of around 1:00 a.m. this is when the fire broke out. it sent to people to the
having spoken from the white house on the boss built of a fiscal cliff deal. one that could avoid -- raising taxes for everyone. good morning i'm kristen sze >>> and i'm cheryl jennings. katie is the news encouraging? >> reporter: more pressure than news about what the deal might be. this was not the big announcement about an agreement on the fiscal cliff. the president did acknowledge there's been progress and he spoke while surrounded by americans who he pointed out cannot afford a tax hike. a source close to the negotiations we know what might be on the table now this current tenty deal. one, as far as tax hikes are involved -- republican and democrats have agreed taxes would not go up for families that make less than $450,000 a year or individuals who make less than $400,000 a year. as far as unemployment benefits that's could be extended. the president mentioned tuition tax credit extended. where there's still a great divide is automatic spending cuts. the deal on table brokered mostly by mcconnell and biden overnight, would delay those spending cuts for three months. some de
to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>> from the david petraeus scandal to the trayvon martin tragedy. the media's performance in 2012, we'll have a report card. i'm howard kurtz and this is "reliable sources." >>> it was a striking moment when david gregory brandished that high ammunition magazine last sunday so much so we played it on this program. but that braumpted a d.c. police whether he violated the city's gun laws, one controversy that they fuind under assault. and eric who blogs about the media for "washington post." simple question, eric, should david gregory be prosecuted? >> well, i think he should be investigated. i'll leave that up to the prosecutors. but i definitely do believe unlike greta van susstrn and unlike you. >> and the "wall street journal" page. >> it turns out the district of columbia and lawm
in san francisco. fiscal cliff talks will resume this morning in washington. when will have a live look from the senate floor. also inside the office of one of the richest man is on the planet. warren buffett. those stories and much more when the kron4 morning news continues. >> >> compared to yesterday that the nasty weather would not be the case today. high- pressure is in control and we will continue to see the sunshine and dry weather. not only this afternoon but clear conditions will continue into the evening hours. satellite and radar pictures look like mainly active whether it has shifted too our east. we are dry for now but we have changes to talk about as another storm is headed in our direction. i will break down full details and walk you through future cast four and my next report. >> it continues to be a pretty good ride even though we had a few minor incidents on the peninsula. they have cleared up now and the bay bridge ride and has a light traffic and no meat during lights. the quick check commute shows we're dealing with much much lighter than usual traffic. you'll not f
for the fiscal cliff is just one week away. they are waiting for a small patch rather than a large fix. president barack obama is on vacation and so is house speaker john boehner and there is no agreement and if we go over the cliff, most americans will see higher taxes. >>> a police woman shot and killed an american security adviser. it happened inside the heavily guarded area. the shooting appears to be an insider attack and authorities say this is the first such attack by a woman and was arrested by afghan police. >>> they are dealing with the rising number of homicides and one city now is also known for its violence. police say 18 people have been killed so far which is down from 43 years ago. the city declared a state of emergency after a deadly summer in 2005. >>> they plan on conduct being several checkpoints from hours from now. they canceled one in fremont and drunk driving is made worse when there are heavy rains like the ones we had over the weekend. they were just three from the same timeframe when skies are clear. >>> roads have been pretty clear and we are just getting a new report
the fiscal cliff. the dow lost 158 points, it is currently a five day losing streak in its longest since july. the nasdaq reported 25 points. >> banks rack up a record to $10.7 billion in fines in 2012. that includes what the banks paid to u.s. and state of 40's-but it does not include the billions more paid to european regulators. most of the fines were related to improper mortgage practices. >> making interstate phone calls could soon get cheaper. for prison inmates. prison call systems are different than normal pay phones. a typical 50 minute conversation current cost an average of $16. that is largely due to fees that call providers are allowed to charge prisoners in some states. here in new york, where fees are banned, rates can go as low as 5¢ a minute. but in places like colorado, inmates did charge almost 90¢ a minute. the sec is planning to open the public comment about reducing rates nationwide. >> the u.s. population is said to hit 350 million by the new year's day. it has an increase of less than 1 percent since april 2010, which was the last time the population snapshot was tak
. we begin with that fiscal cliff hanger in washington, d.c. there are now just two days left until automatic tax hikes and severe budget cuts go into effect the. the president is urging them to reach a deal. senate leaders are working on a last-minute compromise. >>> a horrific accident in mississippi. six people including five children were killed when their suv plunged into a creek yesterday. the children were all related. police say four other adults including the parents of those children managed to escape. the vehicle that caused that accident is under investigation. >>> stunning video of a plane crash outside of moscow, russia, the passenger plane overshot the runway and slammed into a highway yesterday. amazing video for that. the eight members on board were killed. no passengers on the plane and no one on the highway was hurt. the cause of that crash is under investigation. >>> and finally, a celebration at the vatican. about 40,000 young pilgrims from all across europe attended an open air mass conducted by pope benedict. they cheered as the pope waved to the crowd from hi
with as you probably know. the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news tomorrow night? >> the nikkei continues its 21-month run. how much is the boj willing to put up with? >> looking a at potential strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to tr
gate bridge. a cold morning but we have nice weather on tap. also the latest on the fiscal cliff with michael yaqui. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> the countdown is on to the fiscal cliff coming up at midnight tonight when the automatic tax increases and spending cuts kick in. michael yucky is joining us, thanks for joining us. this is self-imposed, it started two years ago. this is what they came up with. >> they have had a lot of time to look at this and a lot of people are thinking about the marche's curiosity. we want to send congress to mars right now with what's going on. my bet is we will not get a deal tonight, probably tomorrow. it expires that is okay. right now they are haggling over whether is going to be $450,000 tickets taxes or not. the democrats still want the employment extension and everyone wants the dock fixed which is the medicare reimbursement issue. they w
to avoid the fiscal cliff. >> it's just four days until a pending financial fiasco that would cost every single american. it's friday, december 28. >> from abc news, this is "world news now." >> good morning, and happy friday. i'm brandi hitt in for paula faris. >> and i'm muhammad lila in for rob nelson. brandi, we made it through the week. still got a half hour left, but we made it and it's been great. >> and then you head back to d.c. today. >> and you're going to l.a. >> so we'll be leaving you. >> it's been a wild ride. >> it's been a lot of fun. >> absolutely. now let's just make it through this half hour. we still have jobs at the end of this half hour. coming up, we're going to hear from the vocal players in washington awaiting today's fiscal cliff negotiations. that is our top story. then we'll remember stormin' norman schwarzkopf, one of the nation's best known warriors. while leading troops to battle, he's lost his battle with pneumonia. >>> blown away by an oncoming tornado. wait till you see the surveillance video. take a look. it was recorded outside an alabama store. and i
did you know that? >> somebody told me. >> the fiscal cliff hanger in washington, d.c. is our lead item here. with just three days before the deadline. senators working on an 11th-hour deal to try to avoid middle-class tax hikes and deep spending cuts that go into effect at the first of the new year. president obama is pushing lawmakers on both sides of the aisle to reach an agreement. >>> and help may be on the way for victims of hurricane sandy. the senate approved a spending bill worth $60 billion. the measure heads to the house where some lawmakers are hesitating to approve the bill in the final days of the current session. >>> and in maine, the first same-sex couples are legally exchanging vows today. the new law legalizing same-sex marriage went into effect at midnight, 12:01 a.m. today. some ceremonies were held overnight. same-sex marriage became legal in maryland on tuesday. become legal on tuesday. >>> and finally, talk about living on the edge. in massachusetts, several homes on plum island are in danger of plunging into the atlantic ocean. thursday's storms and pounding
's this road sign in north portland. now instead of road construction it reads, fiscal cliff ahead. >> a winter storm is dumping snow over the northeast and part office ohio. a tractor-trailer and several other cars collided in the snow on interstate 83 just outside harrisburg pennsylvania. there have been more than 450 flight cancellations. >> lots of people are takinged a a advantage of the snow. check out this kid in canada. only 18 months old but is already moving quickly on his little snowboard, pacifier and all. >>> just ahead, the popular tv shows -- the show illegally downloaded the most. >> thank you for calling the state disability insurance program. >> the i-team reveals why one state agency is too busy to take your calls. >> clear sky, light winds, dryer air, temperatures in the mid-30s, in our north a >> ama: if you've called the state unemployment insurance line recently and you didn't get through to an agent. a recent report says 84% of calls were never picked up and it's not the only state phone system with problems. here's an abc-7 news iteam vicious. >> this is how jim matth
, a couple of days ago you said you thought we were going to go over the fiscal cliff and now we are in the midst of a lot of last-ditch bargaining between the senate leaders, reid and mcconnell, what are the chances for a small deal in the next, less than 48 hours to avoid the cliff. >> exceedingly good. i think people don't want to go over the cliff, if we can avoid it. i think, whatever we accomplish, political victory to the president, hats off to him, he stood his ground and will get tax increases, maybe not 250 but upper income americans and the sad news is we have accomplished little, in terms of not becoming greece, that bill will not affect the debt situation and it will be a a political victory for the president and i hope we have courage of our convictions, when it comes to raise the debt ceiling to fight what we believe as republicans. hats off to the president, he won. >> chris: quick follow-up, before we turn to senator feinstein, you said you don't think your conservative colleagues in the senate will filibuster or set up a procedural roadblock, they'll vote to avo
a little bit as expected. some worry us about the fiscal cliff as it gets closer. the nasdaq and s&p 500 are both down as well. markets close at 10:00 a.m. pacific time. >>> if you still have christmas shopping to do, brian, you're not alone. you will be out there with a few others. a new survey shows 10% of all americans say they will still be in the malls today, christmas eve. some shoppers say they like the energy of shopping right up until the last minute. others say they hate the crowds, but they just couldn't get out to the stores any sooner. >>> and it turns out shoes are one of the most popular gifts this holiday season. shoppers say shoes are one gift they know will be used and the sizes are unlikely to change. footwear ranks fing. they weren't in the top ten last year. >>> the prelude to the lord of the rings movie is still the most popular movie in the u.s. >> the tiny hobbit is running circles around some of the biggest hollywood names. the hobbit and unexpected journey remains number one. >>> this is 40, rise to the gardens and lincoln rounded out the top five. >>> our photo
tries to avert the fiscal cliff. plus a free ride on many. we will tell you why coming up after the break at the kron 4 morning news conreturns in two minutes. >> ,h >> overnight, three people were killed and oakland. all of them at different locations. i will have the details coming up. >> the clock is ticking for a solution in washington. we are just four days away from falling off the fiscal cliff. >> we're all so interested in the all important weekend forecast. let's check in with erica. >> we are starting to see more called stream in. here on storm tracker for a lot rain is in the north bay. but a lot of the more usher is not hitting the ground. you still may run into a sprinkle in certain spots. the rain should arrive sometime in the area. as we take a look at the satellite and radar pitcher this system is impacting parts of of the bay area. i will walk you through future cast 4 in my next report. >> bart is reported that they are having major delays because of a piece of equipment is stuck on the tracks. this will affect people who are heading to s f o. this is between t
Search Results 0 to 19 of about 20 (some duplicates have been removed)